Terminal operator APM Terminals (APMT) has said Port Said, Egypt, and the Suez Canal Container Terminal (SCCT) will regain its position as one of the most competitive trade hubs in the Mediterranean and turn the country into the next Singapore thanks to ‘Egypt Vision 2030.’
‘Egypt Vision 2030’ is a massive infrastructure investment initiative designed to improve the country’s economy.
According to a statement, APMT is working closely with the government to ensure its success, including the development of the Ismailia tunnel, which Egypt’s president Abdel Fattah Al-Sisi inaugurated on May 5, 2019.
The objective of the Ismailia tunnel is to improve the flow of cargo to and from the Sinai Peninsula and link key industrial zones in Greater Cairo to Asian shipping lanes. A second tunnel is connecting Port Said is expected to be completed and opened this summer.
To guarantee the smooth flow of cargo, the tunnel will be equipped with scanners to monitor and track the trucks that run through it.
Credit: APM Terminals
Currently 95% of the SCCT’s traffic, according to APMT, is made up of transshipment volumes, and with its location at the northern entrance of the Suez Canal, the operator says it is the most favorable hub for ships moving from South-East Asia to Europe.
Speaking about APMT’s involvement with Egypt Vision 2030, SCCT CEP Lars Vang Christensen said: “It is the first time we have seen this quality of roads and tunnels in this part of the world. Together with improved security around the port, it's truly an achievement of the highest international standard for Egypt.
“This new development will make SCCT the primary gateway for cargo in and out of Egypt.
“This is one of the final pieces of the jigsaw for ensuring we become the primary gateway to the region,” he explains.
“We have an outstanding location, with no deviation for the main routes on trade lanes between Asia and Europe.”